"The Department of Energy is racing this year to finalize clean energy regulations and disburse billions of dollars in grants and loans as President Joe Biden’s prospects for securing a second term hang in the balance.
That administrative work will directly impact whether — and when — U.S. climate goals can be reached. The Biden administration also faces increasing pressure from environmental groups to crack down on fossil fuels, including liquefied natural gas exports — a dynamic that could affect the president’s support on the left heading into the 2024 election.
Front and center for DOE in 2024 is a full-scale blitz to implement clean energy programs in the 2021 bipartisan infrastructure law and Inflation Reduction Act (IRA) of 2022. Together, the laws awarded DOE $97 billion and hundreds of billions of dollars in loan guarantees, and the department is playing a central role in devising the tax credits that are spurring dramatic growth in energy manufacturing."
Brian Dabbs reports for E&E News January 5, 2024.
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